Do You Want a Million Dollars?

I was delighted and fascinated to see that the Gates Foundation has issued a “Grand Challenge” on enabling universal acceptance of mobile money payments.  The Foundation’s previous best-known challenges have been in healthcare, notably for toilets and condoms, so this...

Don’t Trash-Talk Cash

As I read about mobile payments, it always entertains me when relatively green journalists make references to using mobile phones rather than payment cards to make purchases. Typically, they are confusing the instrument (the phone, the plastic) and the system: after...

Currency in a Digital Form

Two related announcements out of Canada work to reduce currency in circulation. Last week the Canadian government announced the demise of the penny.  The cost to produce a penny has surpassed its value.  The coins in circulation will still be considered legal tender...

Verizon’s $2 Bill Pay Fee: Do We Call Them Crazy?

Over the winter break, Verizon announced (and then retracted) that it would begin to charge customers a $2.00 convenience fee in 2012 to pay their monthly bill online or over the phone — except in a multitude of cases “where the fee is waived or where no...